Things are Great

From: Warren Buffett to his shareholders. He has made some horrendous buys lately.

“Our decrease in net worth during 2008 was $11.5 billion, which reduced the per-share book value of both our Class A and Class B stock by 9.6%. Over the last 44 years (that is, since present management took over at Berkshire Hathaway) book value has grown from $19 to $70,530, a rate of 20.3% compounded annually.

Ridholtz has the total article by Warren Buffett which is stunning.